During the forecast period 2022–2032, the rugby apparel market is expected to grow at a value of 11.3% CAGR, according to Future Market Insights. In 2021, this market was predicted to have a global valuation of US$ 917 Million, and is expected to reach a sum of US$ 2,984 Million by 2032.
The growing global interest in rugby games, combined with an increasing number of rugby players, is likely to drive market expansion in the future years. This population comprises both professional rugby players and individuals who enjoy the sport as a recreational hobby.
With the increasing number of rugby tournaments, the global acceptance of rugby apparel has increased, propelling the entire industry. Furthermore, an increase in the number of tournaments and games, as well as increased sponsorship and partnership for rugby apparel to be worn in the game, will drive market growth throughout the projection period.
Consumers’ increased focus on environmentally friendly materials to maintain wearer comfort, as well as their increasing transition toward sustainable rugby gear, is boosting product demand and thus market expansion.
Rugby gear provides flexibility of movement and comfort, as well as moisture management, which is driving market expansion. Another factor driving the global market demand for rugby apparel is the growing female participation in the sport.
However, because rugby is not a popular sport among the general public, it is likely to limit market growth over the forecast period. Furthermore, limited commercial exposure for products is projected to stymie market expansion in the future years. In contrast, increased investments in this sport combined with innovation in apparel is projected to create profitable prospects for the market throughout the forecast period.
Key Takeaways from the Market Study
- In 2022, the global rugby apparel market is estimated to have a global market size of US$ 1,022.85 Million.
- By product type, the upper wear segment will account for 51% of the global market share in 2022 and grow with a 11.8% CAGR during the forecast period.
- By product type, the bottom wear segment will exhibit a 10.3% CAGR during 2022–2032.
- The APAC rugby apparel market is expected to grow with a 11% CAGR during the forecast period.
- The European region is projected to acquire 41% of the global market share in 2022 and grow with a 12.2% CAGR during the forecast period.
Information Source: https://www.futuremarketinsights.com/reports/rugby-apparel-market
